tyb
CONUS Update
German AF AirbusA3/400 passenger cargo Nellis AFB has been popular for otto lately the others too. They also use Bangor, MN
Nellis AFB, Phoenix Dulles. are popular with these types of flights. Canadians use Phoenix
MAGMA88 continues to San Juan
IAM1422 Italian AF Boeing 762 tanker inbounds
T.22-2 Spanish Airbus A310
RRR9301 RAF Airbus A332
Largest Bankruptcy in U.S. history PG&E backed by Newsome-hairboi
Deal is the last major hurdle in push to restructure utility. Move paves way for PG&E to exit bankruptcy by a state deadline. The biggest utility bankruptcy in U.S. history is drawing to a close after PG&E Corp. reached a deal with California Governor Gavin Newsom over the company’s restructuring plan.
As part of the agreement, the embattled utility will overhaul its board and state regulators will gain increased oversight of the company, according to a bankruptcy court filing Friday. If PG&E fails to get its Chapter 11 plan confirmed by June 30 and exit by year end, it will appoint a “chief transition officer” and begin a process to sell the company, according to the agreement.
“This is the end of business as usual for PG&E,” Newsom said in a statement. “We secured a totally transformed board and leadership structure for the company, real accountability tools to ensure safety and reliability and billions more in contributions from shareholders to ensure safety upgrades are achieved.”
PG&E shares rose as much as 16% after regular trading ended on Wall Street.
PG&E has struggled for months to craft a reorganization proposal that would satisfy both creditors and state officials after filing for Chapter 11 last year facing $30 billion in damages from wildfires blamed on its power lines. The consent from Newsom, who objected to earlier versions of PG&E’s turnaround plan, greatly boosts the odds the utility will exit bankruptcy by a state-imposed deadline of June 30.
The deal with Newsom comes as the governor and other officials have turned nearly all their attention to fighting the coronavirus. California has been one of the U.S. centers of the outbreak. Newsom on Thursday took the dramatic step of ordering all residents to isolate themselves at home to limit the virus’s spread, the country’s strictest effort so far.
PG&E already had made peace with bondholders including Elliott Management Corp. and Pacific Investment Management Corp., who had been threatening to take over the utility with a rival restructuring proposal. Previously, the company struck settlements with wildfire victims, their insurers and local government agencies affected by the blazes. PG&E’s reorganization still needs approval from the judge overseeing its bankruptcy and from a state utility commission, whose members are appointed by the governor.
https://www.bloomberg.com//news/articles/2020-03-20/pg-e-bankruptcy-plan-wins-support-from-california-s-governor
said this a few days ago moar or less
SAM582 G5 from MacDill AFB Tampa NE